Christine M. McCarthy - Dec 22, 2021 Form 4 Insider Report for Walt Disney Co (DIS)

Role
SEVP & Chief Financial Officer
Signature
/s/ Jolene E. Negre, as attorney-in-fact
Stock symbol
DIS
Transactions as of
Dec 22, 2021
Transactions value $
-$129,437
Form type
4
Date filed
12/23/2021, 12:12 PM
Previous filing
Dec 21, 2021
Next filing
Jan 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DIS Disney Common Stock Options Exercise +646 +0.39% 166K Dec 22, 2021 Direct F1, F2
transaction DIS Disney Common Stock Tax liability -$97.6K -646 -0.39% $151.04 166K Dec 22, 2021 Direct F3
transaction DIS Disney Common Stock Options Exercise +211 +0.13% 166K Dec 22, 2021 Direct F2, F4
transaction DIS Disney Common Stock Tax liability -$31.9K -211 -0.13% $151.04 166K Dec 22, 2021 Direct F5
holding DIS Disney Common Stock 4.16K Dec 22, 2021 By 401(k) F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DIS Restricted Stock Unit Options Exercise $0 -646 -4.48% $0.00 13.8K Dec 22, 2021 Disney Common Stock 646 Direct F1, F2
transaction DIS Restricted Stock Unit Options Exercise $0 -211 -100% $0.00* 0 Dec 22, 2021 Disney Common Stock 211 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting is limited to shares necessary to cover withholding obligations related to future vestings. The remaining stock units vest as to 6,886 stock units on each December 17 of 2022 and 2023.
F2 Restricted stock units convert into common stock at 1-for-1.
F3 The 646 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction.
F4 Vesting is limited to shares necessary to cover withholding obligations related to future vestings.
F5 The 211 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. The total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares.
F6 Shares held in The Walt Disney Stock Fund as of December 21, 2021. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.